Baku, August 6, AZERTAC
Since the 1,768 km BTC pipeline became operational in June 2006 until the end of June 2026, it carried a total of more than 4.7 billion barrels (about 631 million tones) of crude oil loaded on 6,276 tankers and sent to world markets.
According to bp Azerbaijan, in the first half of 2026, BTC Co. spent around $75 million in operating expenditure and $57 million in capital expenditure.
In the first half of 2026, about 97 million barrels (13 million tones) of BTC-exported crude oil was lifted at Ceyhan and loaded on 131 tankers.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of Caspian regional crude oil and condensate (Kazakhstan, Turkmenistan, other SOCAR volumes produced in Azerbaijan) continue to be transported via BTC.
Effective 1 July 2026, operatorship of the BTC pipeline and of the common activities associated with both the BTC and South Caucasus Pipeline (SCP) systems was transferred from BP Exploration (Caspian Sea) Limited to SOCAR Midstream Operations LLC, a wholly owned subsidiary of SOCAR.
The Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) shareholders are: SOCAR (32.97%), bp (30.10%), MOL (8.90%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU (3.40%), ONGC Videsh (3.10%), ExxonMobil (2.50%) and INPEX (2.50%).